April 25, 2018

Ardian Sells stake in London Luton Airport – passenger numbers up from 9.7m to 15.8m

Ardian Infrastructure reported that it sold its 49% stake in London Luton Airport (LLA) to AMP Capital, the Australian specialist global investment manager. Ardian acquired its stake in the airport in 2013 and in conjunction with airport operator Aena , invested over £160 million (US$222m) in the airport’s development. The result has seen passenger numbers […]

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Boeing reports strong first-quarter results

Financial / Leave a Comment

The Boeing Company has reported first-quarter revenue of US$23.4bn reflecting higher commercial deliveries and mix, defense contract volume and services growth. GAAP earnings per share increased to US$4.15 and core earnings per share (non-GAAP) increased to US$3.64 reflecting strong performance across the company. Commercial Airplanes first-quarter revenue was US$13.7bn reflecting higher deliveries and mix. First-quarter

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Axel Flaig new Chairman of the Advisory Board of Bauhaus Luftfahrt

People / Leave a Comment

Axel Flaig is new Chairman of the four-member Advisory Board of Bauhaus Luftfahrt. The Airbus manager succeeds Dr. Rainer Martens (MTU Aero Engines), who has held the position since May 2014. Martens ended his active career as Chief Operating Officer of MTU Aero Engines and consequently resigned from his position on the Supervisory Board of

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Turkish Airlines selects GEnx engines to power Boeing 787 Dreamliners

Aircraft & Engines / Leave a Comment

GE Aviation’s GEnx-1B engines will power Turkish Airlines’ 25 Boeing 787 Dreamliners and five options, which were ordered last month. The airline also signed a 15-year TrueChoice™ Flight Hour agreement with GE for maintenance, repair and overhaul for the GEnx-1B engines ordered. “The GEnx engine offers the optimum reliability, utilization and fuel efficiency of any

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GE and the U.S. Army conduct T901 Preliminary Design Review for Improved Turbine Engine Program

Military & Defense / Leave a Comment

GE Aviation hosted the U.S. Army for the successful Preliminary Design Review (PDR) of the T901-GE-900 engine in early March. The T901 is GE Aviation’s engine for the Improved Turbine Engine Program (ITEP), the U.S. Army’s undertaking to re-engine its Boeing AH-64 Apaches and Sikorsky UH-60 Black Hawks. The PDR is a major milestone within

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Air BP starts supplying fuel at Santos Dumont airport

Other News / Leave a Comment

Air BP, the international aviation fuel products and service supplier, has strengthened its presence in Brazil and will start supplying fuel at Santos Dumont airport (SDU/SBRJ). Santos Dumont complements Air BP’s existing operations in Rio de Janeiro which include Galeão International airport (GIG/SBGL), Jacarepaguá (JCR/SBJR), Cabo Frio (CFB/SBCB) e Macaé (MEA/SBME). This is an important

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Joramco adds B787 C check capability

MRO & Production / Leave a Comment

The Dubai Aerospace Enterprise (DAE) engineering division Joramco, has added Boeing 787 C check to its existing capabilities. This addition has been approved by the Jordanian Civil Aviation Authority (JCARC) and the Federal Aviation Administration (FAA). Mr. Jeff Wilkinson, Joramco CEO commented: “Adding the B787 C check to the JCARC and FAA approvals is part

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Japan Coast Guard bolsters fleet with additional H225 order

Aircraft & Engines / Leave a Comment

Airbus Helicopters has secured an additional order of one H225 helicopter from the Japan Coast Guard (JCG), bringing JCG’s H225 fleet to ten units. JCG currently operates three AS332s and five H225s, both from the Super Puma family. With this new order, the customer’s Super Puma fleet will grow to 13 units by March 2021,

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Finnair reports first quarter profitable result

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For the first time in ten years Finnair has achieved a profitable comparable operating result in the first quarter. Revenue for the first quarter increased by 14.6% to €635.3m, compared to €554.4 in the first quarter 2017. Available seat kilometres (ASK) grew by 18.9% and passenger load factor (PLF) increased by 1.5 points to 82.9%.

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Hainan Airlines renews agreement with Sabre, supporting massive growth initiatives